News

Exide net up 2% in December quarter

Our Bureau Kolkata | Updated on January 31, 2018 Published on January 31, 2018

Battery maker Exide Industries Ltd posted 2 per cent rise in net profit to ₹154 crore for the quarter ended December 31, 2017, compared to ₹151 crore in the same period last year. Revenue from operations grew by 18 per cent to ₹2,277 crore (₹1,935 crore). According to G Chatterjee, MD & CEO, the volumes in automotive and motorcycle batteries remained good while growth in UPS, telecom and other infrastructure segments were buoyant during the third quarter. However, continued escalation in lead prices remained a major concern, he said in a press statement. The company will focus on cost control and technology upgradation to improve bottomline.

Published on January 31, 2018
This article is closed for comments.
Please Email the Editor